As evidenced by my CD-laden portfolio, I am a conservative investor. I am, and have been, 98% in cash for quite some time (long before the market went south.) That said, with market values at current levels, I'm trying to figure out if I should pull some money out of CD's (incur the early withdrawl penalties) to get some money in the market. My average CD return is 5.7%.
I could actually get about 20% of my portfolio in the market without tapping my CD's, as I have about 20% in money market funds. It's hard not to be content with safe 5.7% returns, but, I'm more than a bit tempted by the capital appreciation opportunities in the market.
I'm currently working but anticipate retiring in 2 years or less. Should I try to get myself about 40% in stocks...or just be happy with where I am? I won't need to tap into that money for many (10+) years.
I know it's a personal decision...but I'm eager to know what YOU would do, if you were in similar circumstances.
Thanks.
I could actually get about 20% of my portfolio in the market without tapping my CD's, as I have about 20% in money market funds. It's hard not to be content with safe 5.7% returns, but, I'm more than a bit tempted by the capital appreciation opportunities in the market.
I'm currently working but anticipate retiring in 2 years or less. Should I try to get myself about 40% in stocks...or just be happy with where I am? I won't need to tap into that money for many (10+) years.
I know it's a personal decision...but I'm eager to know what YOU would do, if you were in similar circumstances.
Thanks.